Showing posts with label 2011 ipl. Show all posts
Showing posts with label 2011 ipl. Show all posts
Monday, March 08, 2010
IPL bidding process for the two new teams delayed
More corporates are expected to throw their hat into the ring as the IPL bidding process for the two new teams begins afresh on Tuesday.
Reports emanating from different quarters indicate that business houses were now looking at the team auction more proactively after it "has started to make business sense".
Atul Chordia, chairman and chief executive of Panchshil Realty and part of the consortium bidding for the Pune team, was quoted as telling a business daily that they were not concerned about the bid price going up.
"It has to be commercially viable, we are answerable to our shareholders," Chordia said.
Kerala's IPL team owning dream has also been revived with reports of the Muthoot Pappachan Group "assessing the new terms and conditions".
Earlier, film director Priyadarshan and actor Mohanlal had pulled out of the race citing the clause that the net worth for a team had to be Rs 5,000 crore.
But they are not the only ones bidding for a team from God's own country.
According to reports, the Ashok Piramal Group is part of a consortium that includes the Jaypee Group, Shree Ram Group of Industries, Rosy Blue India Pvt. Ltd and Anchor Electricals Pvt. Ltd, which is bidding for Kochi.
With these developments, it seems that Kochi will also join the list for the top bidded teams - something that was expected from the cities of Ahmedabad, Pune and Nagpur.
In fact, Ahmedabad had been tipped to win one of the two bids with top corporates like Adani Enterprises, Sahara Group and ICICI planning to 'show them the money'.
The IPL seems to have got its act together and the initial idea of expanding the base of the tournament to other parts of the country could now actually come true.
Potential franchisees can bid for cities that include Pune, Ahmedabad, Nagpur, Kanpur, Dharamsala, Vizag, Rajkot, Cuttack, Baroda, Kochi, Indore and Gwalior.
Bids will be accepted till 10 am on March 21, following which they will be opened in Chennai on the same day.
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Posted by SRAINA at 8:41:00 PM 0 comments
Labels: 2011 ipl, bidding ipl, ipl auction, ipl new teams, ipl new teams 2011, ipl teams 2011, new teams ipl
Sunday, March 07, 2010
In Ganguly We Trust- Juhi Chawla
Kolkata Knight Riders' co-owner Juhi Chawla is hoping for a reversal of the team's fortune with Sourav Ganguly back at the helm of affairs.
"We are proud of Dada. He has the captain's luck and he is a fighting cricketer and hope he brings that dash to the team," Juhi said.
KKR will also be sporting new purple jerseys this time.
"Going with the luck factor we have changed the black colour of our jerseys to purple and hope that gives us a purple patch," she said.
The vivacious Bollywood actor admitted to having wept as KKR lost matches in the previous season with Kiwi batsman Brendon McCullum looking hapless wearing the skipper's cap.
"I could not hold back my tears when I saw my team losing even after playing well. With a bit of luck we could have won those matches last season," she said.
Chawla said she will be present for all home games of the team at the Eden Gardens.
"The team management is working very hard both on and off the field and we are confident of doing well. We just need luck," she said.
Kolkata Knight Riders will play the inaugural game of this edition of the tournament against defending champions Deccan Chargers in Mumbai on March 12.
Posted by SRAINA at 8:31:00 PM 0 comments
Labels: 2010 ipl, 2011 ipl, Ganguly, IPL 2010 Fixtures, ipl kolkata, ipl latest news, ipl news, KKR, kkr 2010, Kolkata knight riders
Saturday, March 06, 2010
Cricket: IPL security tightens up
New Zealand cricketers now look more likely to play their pro-rata segments of the Indian Premier League.
Further rigorous security checks have been implemented ahead of the tournament's March 12 start, including an audit earlier this week, ticking off what sort of police force numbers are being provided as well as the level of resources dedicated to protecting players in each of the 12 host cities.
Certainly the IPL's vast salaries now have the whiff of danger money about them, thanks to threats from organisations such as the Al Qaeda-allied 313 Brigade and Shiv Sena. This is also the first IPL to be played since the Mumbai terror attacks of November 2008.
New Zealand Cricket Players Association boss Heath Mills says efforts have been reinforced on the ground to get the right methods in place to deliver the security management plan.
"If this momentum for action continues over the next week leading into the event, you would think it would be at the security level you'd expect. The feedback we've given to the players in the last three days or so is that things seem to be improving."
"It's frustrating that it's happened so late," says Mills.
"Usually we have a process in place with New Zealand Cricket to manage the security situation on tours six months out. We conduct on the ground checks with independent security experts. One advantage of India, though, is that things can be done quickly when need be."
Ultimately Shane Bond, Brendon McCullum, Jacob Oram, Ross Taylor and Daniel Vettori now need to make the decision themselves.
Normally, ahead of an overseas tour, NZC would make the overall decision but on this occasion the players are independent contractors.
"Given the work over the last couple of weeks they'll be a lot more comfortable," says Mills. "But I couldn't say whether they will go or not. That's their decision. We just provide them with information."
While four of the New Zealand players will get an initial opportunity to watch from a distance, Bond will be the first to decide whether to head up following the conclusion of the Chappell-Hadlee one-dayers next Saturday.
IPL chairman Lalit Modi would not comment on the current security arrangement, referring the issue instead to his vice-chairman and former secretary of the Indian Cricket Board, Niranjan Shah.
"We are concerned, but I think there will be no problem with foolproof security," Shah says.
Certainly the IPL's vast salaries now have the whiff of danger money about them, thanks to threats from organisations such as the Al Qaeda-allied 313 Brigade and Shiv Sena. This is also the first IPL to be played since the Mumbai terror attacks of November 2008.
New Zealand Cricket Players Association boss Heath Mills says efforts have been reinforced on the ground to get the right methods in place to deliver the security management plan.
"If this momentum for action continues over the next week leading into the event, you would think it would be at the security level you'd expect. The feedback we've given to the players in the last three days or so is that things seem to be improving."
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t the stress of scrambling together a plan at late notice has taken its toll.
"Usually we have a process in place with New Zealand Cricket to manage the security situation on tours six months out. We conduct on the ground checks with independent security experts. One advantage of India, though, is that things can be done quickly when need be."
Ultimately Shane Bond, Brendon McCullum, Jacob Oram, Ross Taylor and Daniel Vettori now need to make the decision themselves.
Normally, ahead of an overseas tour, NZC would make the overall decision but on this occasion the players are independent contractors.
"Given the work over the last couple of weeks they'll be a lot more comfortable," says Mills. "But I couldn't say whether they will go or not. That's their decision. We just provide them with information."
While four of the New Zealand players will get an initial opportunity to watch from a distance, Bond will be the first to decide whether to head up following the conclusion of the Chappell-Hadlee one-dayers next Saturday.
IPL chairman Lalit Modi would not comment on the current security arrangement, referring the issue instead to his vice-chairman and former secretary of the Indian Cricket Board, Niranjan Shah.
"We are concerned, but I think there will be no problem with foolproof security," Shah says.
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Posted by SRAINA at 10:56:00 PM 0 comments
Labels: 2011 ipl, ipl security, ipl security update, newzealand IPL, newzealand withdrawal, security
Bid for new teams at IPL will held tomorrow
When the Indian Premier League (IPL) opens bids for two new teams for the Twenty20 tournament on Sunday, 11 bidders are expected to be in the fray though some others have chosen to keep away thanks to the stiff bidding conditions.
Consortia comprising high profile industry groups and individuals including Adani Group chairman Gautam Adani, Kerala-based financial services player Muthoot Group, Hero Honda MD Pawan Munjal and members of agriculture minister Sharad Pawar's family are likely to put in their bids, according to people close to the matter.
An official involved with the IPL said most bids were expected to be made through consortiums with private equity funding.
The minimum bidding price has been fixed at $225 million. There is a clause however under which bidders have to furnish a bank guarantee for the entire amount for the 10-year contract within a week of winning the bid. Several interested parties, including the Sahara Group, ICICI Ventures, and Bollywood stars Ajay Devgan and Sanjay Dutt, have dropped out from the process, and according to officials three industrial houses decided not to bid for the new teams.
According to reports there was not a single bidder till Thursday, however as many as 11 bids were lodged for the three cities, seven of these being for Ahmedabad alone. Apart from stringent rules set by the governing council a big deterrent had been the base price which at $225 million was more than four times the base price of $50 million fixed during the first bidding in 2008.
The refrain among those who have chosen to keep away from the process is that the cost of team acquisition was working out to be too high as an investment of minimum Rs1,550 crore was required for buying a team which seemed prohibitive.
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Melbourne Cricket Club confirm interest in bidding for IPL team
Consortia comprising high profile industry groups and individuals including Adani Group chairman Gautam Adani, Kerala-based financial services player Muthoot Group, Hero Honda MD Pawan Munjal and members of agriculture minister Sharad Pawar's family are likely to put in their bids, according to people close to the matter.
An official involved with the IPL said most bids were expected to be made through consortiums with private equity funding.
The minimum bidding price has been fixed at $225 million. There is a clause however under which bidders have to furnish a bank guarantee for the entire amount for the 10-year contract within a week of winning the bid. Several interested parties, including the Sahara Group, ICICI Ventures, and Bollywood stars Ajay Devgan and Sanjay Dutt, have dropped out from the process, and according to officials three industrial houses decided not to bid for the new teams.
The IPL which has gained immense popularity to emerge as the most lucrative cricket property in a short time is increasing the number of franchise teams from eight to ten with its fourth season next year.
New cities in the fray for which potential bidders will bid include Pune, Ahmedabad, Nagpur, Kanpur, Dharamsala, Vizag, Rajkot, Cuttack, Baroda, Kochi, Indore and Gwalior, with Ahmedabad, Pune and Nagpur being the frontrunners. According to reports there was not a single bidder till Thursday, however as many as 11 bids were lodged for the three cities, seven of these being for Ahmedabad alone. Apart from stringent rules set by the governing council a big deterrent had been the base price which at $225 million was more than four times the base price of $50 million fixed during the first bidding in 2008.
The refrain among those who have chosen to keep away from the process is that the cost of team acquisition was working out to be too high as an investment of minimum Rs1,550 crore was required for buying a team which seemed prohibitive.
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Melbourne Cricket Club confirm interest in bidding for IPL team
Posted by SRAINA at 10:51:00 PM 0 comments
Labels: 2011 ipl, ipl 2011, ipl 4, ipl bid, ipl new teams, new teams ipl. ipl new teams
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